The moment you decide to buy a home, you can put in your application. Yes, you can apply for a loan even before you have selected the property.
The property need not even be in the same city where you are residing. The only condition being that ICICI Bank has home loan operations in both the cities.
Should there be a change in your financial status or plans, you can withdraw your sanction within 6 months of approval.
However, we are always ready to assist our customers in the event of legitimate problems. And, we might reconsider this if we find that there are satisfactory reasons for the delay.
And, neither would we charge you extra for this delay.
If it is refinancing you are interested in, it is possible within 6 months from the date of purchase of property.